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monti's role be? stay with us. we're back in two. >>> we are live in rome all day where the italians are grappling with the aftermath of mario monti's resignation over the weekend, which was a big surprise to everyone. this came earlier than expected. at the same time, former prime minister berlusconi said he is trying to stage a comeback. is this likely, though? well, if you look at the most recent opinion polls, it shows berlusconi's party is trailing by up to 16 percentage points. it will be difficult for him to close that gap over the next two months. so the most likely outcome at this point is that the democratic party, which is pro austerity will win these elections and its leader, he has already promised to the world that, yes, i am going to continue to implement those austerity measures and i will honor the eu's commitment to balance the budget by 2013. the other big question is, what will happen to technocrat prime minister mario monti? right now, he's very vague about what role he will take in the new gov
monti's role be? stay with us. we're back in two. >>> we are live in rome all day where the italians are grappling with the aftermath of mario monti's resignation over the weekend, which was a big surprise to everyone. this came earlier than expected. at the same time, former prime minister berlusconi said he is trying to stage a comeback. is this likely, though? well, if you look at the most recent opinion polls, it shows berlusconi's party is trailing by up to 16 percentage points....
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Dec 24, 2012
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. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, g
. >> mario monti is saying he's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s....
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Dec 11, 2012
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monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find some sort of -- i would say pressure from him, european leaders, to step down. >> we're starting to see a bid of would ittening. besides the debt market and the shares held outside the one, increasing corners are concerned. >> the statistics, i should point out that the ratio of holders of italian government debt has increased over the past 12 months. we are not where we were two years ago, not only in spain, but in italy. one of the few countries in the eurozone where the share of international investors, but i think if we were to talk about the flows, we should be looking more at france than spain. >> france has canceled its
monti and mr. berlusconi, you can't really say that mr. monti's performance is astonishing. we've had two crises during his office. of course, we cannot -- you cannot justify blame him. it's the legacy of the past when we had a crisis during the berlusconi government. having said that, i think the big sentiment here is that mr. monti had a widespread european recognition amongst leaders who arrest mr. monti in the late stage of his government did find some sort of -- i would say pressure from...
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>> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and clo
>> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all...
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it's nice prime minister mario monti has resigned tonight it means the country is therefore preparing for early elections expected in february the been outspent comes out of the country's upper house of parliament approved next year's budget earlier monti warned italy's president. that he would resign after this vote this is happening now three months before the shuttle the end of his term he said he lost the backing you need after silvio berlusconi's party withdrew its parliamentary support for. four of greece's largest banks could be in line for a bailout after reporting huge losses this year together they'll need about twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout funds since twenty ten leading to tough austerity measures being forced upon the population economist dimitris you're not. the only greeks who bear the brunt of the bank's losses. the loans on which. this recapitalization of the banking sector is going to greece are coming from the troika the e.u. the i.m.f. and the e.c.b. and they are going to be repaid they are
it's nice prime minister mario monti has resigned tonight it means the country is therefore preparing for early elections expected in february the been outspent comes out of the country's upper house of parliament approved next year's budget earlier monti warned italy's president. that he would resign after this vote this is happening now three months before the shuttle the end of his term he said he lost the backing you need after silvio berlusconi's party withdrew its parliamentary support...
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Dec 13, 2012
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he's saying monti, that is mario monti, could give us a hand with markets that first moves in any government would regard civic issues that beryl scone neeps ae goal is to distract the public, that italy needs even more reforms than monti's. he the italy anticipate left party and is trying to cast his policy very much with outgoing mario monti is doing calling berlusconi a distraction. and monti suggesting that he is right. >>> now, reynolds shares get a jump start as the carmaker gets a boost from volvo. find out more about that when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> as you can see, there's shares of renault are moving higher after the french carmaker said it's raising around 1.5 billion euros to the through the sale of its 6.5% stake in sweden's volvo. stephane pedrazzi is following the latest fo
he's saying monti, that is mario monti, could give us a hand with markets that first moves in any government would regard civic issues that beryl scone neeps ae goal is to distract the public, that italy needs even more reforms than monti's. he the italy anticipate left party and is trying to cast his policy very much with outgoing mario monti is doing calling berlusconi a distraction. and monti suggesting that he is right. >>> now, reynolds shares get a jump start as the carmaker gets...
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china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass half full, that some data comes in lower, it might fuel the case for stimulus, where there's no stimulus. you have this economy in fact improving, or if not, they'll step in anyway, this new regime. >> the band of good we see periodically when rates are so high, they have a lot more room to maneuver than we have. >> right. >> when we come back this morning, what do barbra streisand and apple have in common? people who are sellers. people who need buyers. >> find out what babs is singing about and why she's such a huge fan of "squawk on the street." we'll take the pulse of the consumer, and the economy, with tupperware chairman rick owens. ppi, big fed meeting. we'll break it all down as we look at futures once again here. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, w
china's good, people know that monti is not really going to hurt italy. i think if china continues the momentum, but the number -- >> the ex sports were less than expected in the month of november. which is a concern. then there's this perverse glass half full, that some data comes in lower, it might fuel the case for stimulus, where there's no stimulus. you have this economy in fact improving, or if not, they'll step in anyway, this new regime. >> the band of good we see...
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monti has implemented over the last couple months. but is this concern actually warranted? well, if you speak to a number of analysts, well they'll say, no, because if you look at the opinion polls you'll see that the party which will most likely win, that's the democratic party. and he said, or the leader said, look, we're going to stick to the austerity measures that were implemented by monti. >> carolyn roth for us in rome tonight. coming up, jcpenney ringing up discounts. what this dramatic change in pricing strategy spells out for its ceo ron johnson and his future. and of course, the stock, we'll be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to put
monti has implemented over the last couple months. but is this concern actually warranted? well, if you speak to a number of analysts, well they'll say, no, because if you look at the opinion polls you'll see that the party which will most likely win, that's the democratic party. and he said, or the leader said, look, we're going to stick to the austerity measures that were implemented by monti. >> carolyn roth for us in rome tonight. coming up, jcpenney ringing up discounts. what this...
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Dec 29, 2012
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. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by her father and to pakistan three years ago has been reunited with her mother in the u.k. in the past couple of hours she arrived at manchester airport. she was taken from her home in greater manchester on her third birthday, found with the help of the pakistani authorities and is understood to
. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo...
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. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by her father and to pakistan three years ago has been reunited with her mother in the u.k. in the past couple of hours she arrived at manchester airport. she was taken from her home in greater manchester on her third birthday, found with the help of the pakistani authorities and is understood to
. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo...
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a lot of expressions of support for a monti candidacy here. what does this imply? what are people making of this? >> it's one of these things. in all honesty, we thought that the era of berlusconi had been done and dusted and we had opened a new page. but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked well. down with the euro and italy has to walk its own way. that is not something that we would like to hear in the eu eurozone or in berlin. >> silvia, thank you so much for your time. >>> now, a weak ahead of the person of the year, the winner, north korean leader kim jong un. the magazine didn't admit that various online campaign
a lot of expressions of support for a monti candidacy here. what does this imply? what are people making of this? >> it's one of these things. in all honesty, we thought that the era of berlusconi had been done and dusted and we had opened a new page. but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something...
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support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the situation is like within that central right next. the pdl has made it clear that there is a serious disagreement within the party. they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation
support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the...
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use of europe's night the last couple of hours italy's prime minister mario monti has resigned it means the country is preparing for early elections now expected in february the announcement comes after the country's upper house of parliament approved next year's budget. wanted to ease president he would resign after that vote that's three months before the show jeweled ended his term he said he's lost the backing he needs to do the job off a silver but a skull these are not really true it's a parliamentary support for him. four of greece's largest banks could be in line for bailouts of reporting huge losses this year together they'll need about twenty seven billion euros worth of loans to stay afloat greece has been relying on international bailout funds since twenty ten leading to tough austerity measures being forced of course upon the population demitra sinopoli says an economist in greece he joins us live on the line from athens let's talk to him get is about it i do beatrice my save to my further bad news though for greece now four major banks in trouble how much of a blow is this
use of europe's night the last couple of hours italy's prime minister mario monti has resigned it means the country is preparing for early elections now expected in february the announcement comes after the country's upper house of parliament approved next year's budget. wanted to ease president he would resign after that vote that's three months before the show jeweled ended his term he said he's lost the backing he needs to do the job off a silver but a skull these are not really true it's a...
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there's unrest in the markets softer italy's technocrat prime minister mario monti announced his plans to leave but the former pm silvio berlusconi's thrown his hat. to the ring as well again after he withdrew his party's support for the government but he says i'll go after next year's budget impasse which could see it election in february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier credit has agreed to prop greece up with another forty four billion euro script attorney george felos believes real solutions though are still a long way off. so most cause me to stone walling says listen you soon. but unfortunately. and now and in that interview it didn't it isn't easy to go. comes from greece does that you're going to example even to be the only of the international monetary fund because according to the assets they know. but of course it's really easy for these mature to so such a policy to the german bacterias so we're going to tell you this simple are you serious as usual mo
there's unrest in the markets softer italy's technocrat prime minister mario monti announced his plans to leave but the former pm silvio berlusconi's thrown his hat. to the ring as well again after he withdrew his party's support for the government but he says i'll go after next year's budget impasse which could see it election in february earlier than expected elsewhere the greek prime minister is trying to secure more support from germany's wealthy and conservative region of barbaria earlier...
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you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator whatever that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> ri
you know, monty hall, a big game show guy. now we have mario monty hall in the game of politics. can you try to explain to viewers and listeners? you know, no, i don't want to lose but i'd still take the job. tell me about it. >> he wants to be -- he wants to run the show and, you know what? when you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator...
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there's unrest on the markets after italy's technocrat prime minister mario monti announced his plans to leave before silvio berlusconi has thrown his hat into the ring again after he withdrew his party support for the government want to says he'll go after next year's budget is passed which could see an election in february much older than expected that's where the greek prime minister is trying to secure more support from germany's wealthy and conservative region a very early at greece's credit is a greater profit out with another forty four billion euros greek attorney and georgia culture garson means real solutions to a long way off so most cause me to stone walling says listen. but unfortunately. it isn't easy to. control just that you go to example even to the. national military fund. but of course it's real easy for you to so such a. german taxpayers so. this simple you serious are usually more of more cell phone for people with. such. well is the e.u. pursuing the goal of united europe at the expense of individual nations that issue take center stage in the latest edition of p
there's unrest on the markets after italy's technocrat prime minister mario monti announced his plans to leave before silvio berlusconi has thrown his hat into the ring again after he withdrew his party support for the government want to says he'll go after next year's budget is passed which could see an election in february much older than expected that's where the greek prime minister is trying to secure more support from germany's wealthy and conservative region a very early at greece's...
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monti to step down. of course, they weren't necessarily with the bank when all this manipulation happened. someone's going to take responsibility, right? >> yeah. i think this would be really harsh on the -- on the top management. the top management is only in charge since 2011. so clearly after the libor manipulation is over and -- i think we'll see something like 35 traders being charged for this, and i think this is probably what will happen. the management of the investment bank has changed several times since then. and i don't think anything would be necessary right now with the new management. >> dirk, you mentioned, too, broader concern. what happened at barclays spurred basically a restructuring. ubs we're seeing that restructuring take place. what are the prospects for this company going into 2013? >> well, ubs by its own admission expects mid single digit roes for 2013 and 2014. so this is one of the lowest roes in the banking sectorment at t -- sector. they're trading at multiples. i think we'
monti to step down. of course, they weren't necessarily with the bank when all this manipulation happened. someone's going to take responsibility, right? >> yeah. i think this would be really harsh on the -- on the top management. the top management is only in charge since 2011. so clearly after the libor manipulation is over and -- i think we'll see something like 35 traders being charged for this, and i think this is probably what will happen. the management of the investment bank has...
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. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new york stock exchange. and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly thereafter. we have smart strategies and individual stock picks for you this hour. >> that's right. well also take a look at another side of google that you very rare
. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new york stock exchange. and stocks are higher as fiscal cliff song and dance...
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. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by her father and to pakistan three years ago has been reunited with her mother in the u.k. in the past couple of hours she arrived at manchester airport. she was taken from her home in greater manchester on her third birthday, found with the help of the pakistani authorities and is understood to
. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo...
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mario monty's government has survived the no confidence vote. looks like the italian government is going to survive. you see italian stocks were down throughout the day. the problem about this, the structure of italian politics makes the country ungovernable. brian, there's 12 political parties in the chamber of deputies. that's the lower house. you get coalitions together and they routinely topple the governments. this has been a problem since world war ii. they've got to gig ofigure out better way to govern the country. >>> we've got huge volume today on apple. it will do 40 million shares, probably twice normal. it went positive earlier in the day on that very good news about doing some production of the mac in the u.s. >> they've got too many and maybe we have too few. somewhere in the middle is the answer. bob pisani, thank you. >>> your top stock story today is -- what else -- apple. it is making a small comeback after hitting a nine-month low earlier today but it's been a run to forget for one of the most owned stocks in the world. it's d
mario monty's government has survived the no confidence vote. looks like the italian government is going to survive. you see italian stocks were down throughout the day. the problem about this, the structure of italian politics makes the country ungovernable. brian, there's 12 political parties in the chamber of deputies. that's the lower house. you get coalitions together and they routinely topple the governments. this has been a problem since world war ii. they've got to gig ofigure out...
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this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that ge
this may lead to midterm elections because monti is market friendly you might not end up with a market friendly solution. we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher...
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Dec 10, 2012
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. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word? >> and light tte candles. >> if you light them i will come. >> you have six children. >> as do you. >> leave me out of this. >> and others people say they can't afford it you're saying it doesn't matter if you can afford them or not. >> if the price tag of having a child scares you the most, you haven't done the right gut test. stuart: so, go ahead and have the children whether you can afford them or not. >> having children is the investment in the future. if we don't have children now and understanding in the short-term there are obviously economic hardships going on, it is classic then in an economic down turn, peopl
. >> meanwhile, european markets are down and because the italian prime minister mario monti m a surprise. is going to resign. and silvio berlusconi wants to replace him. europe is appalled. and people blaming the recession for not having more children. 64 births for one thousand women of child bearing age. half of the peak of the baby boom in the 1950's. our next guest has six children, counts them. and what's that-- >> and naham segal. that works. >> have i got that word?...
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Dec 11, 2012
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it said send monti to the beach. it doesn't take long to get -- how long is the average government in italy? >> i don't know. is kelly evans still with us? >> she's gone. that's about as long as a -- her report is about as long as the average government. but they have a figure. >> let's head to eric fisher on today's weather forecast. maybe he has the answer. >> eric. >> unfortunately not, guys. i know the weather changes quickly, and that's my business here. i don't deal with the italian government too much. but what we're watching for today too much in items of changes, it's colder outside. as soon as you walk out the door, you notice a big change in that cold front. this time yesterday in cincinnati, 17 degrees colder. 30 degrees colder in jackson. still showers around boston and new york city. they'll be out of the way fairly quickly. our main story is florida. miami, naples, picking up showers and thunderstorms. a half dozen tornados across the south yesterday. we'll watch tampa, daytona be h beach, ft. myers. t
it said send monti to the beach. it doesn't take long to get -- how long is the average government in italy? >> i don't know. is kelly evans still with us? >> she's gone. that's about as long as a -- her report is about as long as the average government. but they have a figure. >> let's head to eric fisher on today's weather forecast. maybe he has the answer. >> eric. >> unfortunately not, guys. i know the weather changes quickly, and that's my business here. i...
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Dec 17, 2012
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a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time he's also made noises that suggest that he wouldn't run if monti runs. that's not set in stone. we're going to see what happens there. what berlusconi was definitive about, he's going to marry his 27-year-old girlfriend he says. political commentators in italy have cheaply suggested that he's doing this to look more like a family man ahead of his run in february. he is 76 years old. of course. and his divorce from his second wife is not final yet. that's been very bitter. remember they wrote letters to the editor to each other in the paper, as the process of their separation was occurring in their divorce. addressing the parliament is also now a banking supervisor and also saying that the medium term outlook for the european economy looks to be challenging. in the category of the sky is blue. carl? thank you michelle back at
a man eagerly awaiting monti's decision is silvio berlusconi, the former prime minister of italy. we're pretty sure he has not prayed at the tomb of st. francis lately. he has said that he devil wants to be run for prime minister again however at the same time he's also made noises that suggest that he wouldn't run if monti runs. that's not set in stone. we're going to see what happens there. what berlusconi was definitive about, he's going to marry his 27-year-old girlfriend he says. political...
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Dec 12, 2012
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we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want to draw your attention -- use guys were talking about unions. here's a union story that tells something about the rebalancing in the eurozone. potentially germany. we know with the xetera dax up .3%. and almost 30% this year. investors see if the euro project hangs together, it's going to mean renation in germany. that is some wage inflation, some price inflation. the public sector union verde, powerful union, along w
we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong...
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Dec 27, 2012
12/12
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in europe, all about mario monty, kicked off on friday when he resigned. he then said on sunday he'd work with coalition partners. on monday he laid out what he'd like his agenda to be. today, he is negotiating with other potential allies. two big questions come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the election result in february will be a less strong coalition to enact reform, which is clearly where we hope they will go as in keeping -- trying to keep the investor sentiment going. in rome, they actually auctioned 12 euros of bills. all the politics with berlusconi not really affecting the market. yields are low, confidence still in there. some italian banks rose on the back of that. not huge moves. you can see bpms, up 2.2%. in the center of europe where it was concentrated, other banks moved higher. i'll show you those, lloyds, in the netherlands. and one is a bank here
in europe, all about mario monty, kicked off on friday when he resigned. he then said on sunday he'd work with coalition partners. on monday he laid out what he'd like his agenda to be. today, he is negotiating with other potential allies. two big questions come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the...
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Dec 11, 2012
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remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadc
remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and...
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Dec 12, 2012
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meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at what the eurozone crisis cost america in terms of growth. at the beginning of the year, they suggested they could knock 1% off potential gdp. and now they say they knocked three-quarters of a percent off growth here. half a percent was due to a general tightening of financial conditions. it's a very complicated set of calculations to get to that, but they have. half a percent of american growth is a result of weaker exports to europe. and the final thing that i think is very interesting. they say there's been a negligible impact on america due to what banks might be doing here. in other words, the european banks in new york, in b
meanwhile, also worth mentioning that, after the sell-off we got on italian debt, where mario monti said he would resign over the weekend, today italy successfully went through an auction at the one-year level of debt. and you can see where people have viewed monday's sell-off as a huge opportunity. so the yields are heading down on the ten-year. just before i give you back to carl, i wanted to hand you a piece of research from goldman sachs. they have looked at what the eurozone crisis cost...
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Dec 19, 2012
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right now i can kind of picture that scene in the "monty python" movie where they're like, bring out your dead. there are companies they want to ipo. companies like hilton. you have to think, 2013, six years since they were originally purchased by the private equity sponsors. probably time for them to try, at least, to get those companies out into the public markets. there are a number of them that have tried already, like toys r us. you maybe had them on the other day. >> yesterday, in fact. >> that thing is stuck. it ain't going anywhere. those are the types of things that the private equity firms want to get out in the market. >> toy was public, went private. now we talk about it going public one day again. you put that in a group along with via of names that could go if the economy is strong enough. >> my colleague and i, we talked about this. he says if the economy is really great, then maybe these things get out there. ment but a via, a low-growth business right now, purchased at the top of the market. so many of those privately backed companies that are just stuck. we've seen
right now i can kind of picture that scene in the "monty python" movie where they're like, bring out your dead. there are companies they want to ipo. companies like hilton. you have to think, 2013, six years since they were originally purchased by the private equity sponsors. probably time for them to try, at least, to get those companies out into the public markets. there are a number of them that have tried already, like toys r us. you maybe had them on the other day. >>...
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Dec 3, 2012
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europeans were very amenable to my point of view on this, which is you think back to a year ago when monti gets named technocrat tick prime minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's
europeans were very amenable to my point of view on this, which is you think back to a year ago when monti gets named technocrat tick prime minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25...